Shares in Danish brewer Carlsberg rose 3% on Tuesday (11 May) as the firm reported first-quarter earnings that beat analysts’ estimates. The brewer also stood firm on its forecast of a strong profits rise in 2010, despite seeing first quarter sales damaged by a three-fold tax rise on beer in Russia.
In the Spotlight – Carlsberg’s Q1
Shares in Danish brewer Carlsberg rose 3% on Tuesday (11 May) as the firm reported first-quarter earnings that beat analysts’ estimates. The brewer also stood firm on its forecast of a strong profits rise in 2010, despite seeing first quarter sales damaged by a three-fold tax rise on beer in Russia.
May 14, 2010